Trading Radar: Stock to Watch is Home Depot

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Next week traders will shift their focus back to earnings as a final bunch of big cap companies report. Investors will be sifting through reports from Home Depot (HD), Target (TGT), Deere (DE), Sears Holdings (SHLD), Heinz (HNZ), and Gamestop (GME).

A number of Wall Street firms have said that Home Depot will be the company to watch next week when it reports earnings. Last week both Jefferies and Credit Suisse said they like the company into its report thanks to improvement in the housing market. Jefferies raised its price target on Home Depot to $32. Current analysts estimates call for EPS of $0.59 on revenues of $19.199 billion

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